Dear Madhu, I want to Register the Company under PT Registration in Cochin. What is the Procedure and Rules? Please Clarify.....
From India, Bangalore
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From India, Bangalore
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There are no separate revenue slabs for employers; the same that is applicable to employees also applies to employers. Please remember that the figures are not salaries but the income/revenue earned, which implies that profession tax is payable not merely on salary but on all sorts of income. This includes income from fees (doctors, lawyers, and other professionals pay PT on their fees), turnover (traders, industrialists, and commercial establishments pay it based on their turnover), and so on.
Regards, Madhu.T.K
From India, Kannur
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4769Regards, Madhu.T.K
From India, Kannur
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Dear Kdonline,
If your company is situated in the corporation or municipal area, then it is Rs. 2500/- fixed per six months, i.e., you have to pay the PT before March 31st and September 31st.
If you really want to outsource your compliance service, then we are ready to help you. We are the leading labour law compliance consultancy in Kerala, having PAN India presence.
From India, Kochi
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If your company is situated in the corporation or municipal area, then it is Rs. 2500/- fixed per six months, i.e., you have to pay the PT before March 31st and September 31st.
If you really want to outsource your compliance service, then we are ready to help you. We are the leading labour law compliance consultancy in Kerala, having PAN India presence.
From India, Kochi
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PT has to be paid for the company as well as the employee of the company. For company it is 2500 per six months fixed and for the employees it is according to the slab.
From India, Kochi
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From India, Kochi
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Is there any employer contribution for professional tax in Kerala to be paid, which amounts to ₹1250 once every six months? If yes, can anyone please send me the link where I can find the law in writing.
From India, Kollam
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From India, Kollam
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That is not the employer's "contribution," but it is the amount that the employer has to pay on the revenue/income that he generates. One should understand that profession tax is a tax on revenue, need not necessarily be salary but it can be any type of revenue, like fees which a doctor or lawyer collects, and so on. When it comes to an employer, it will be the turnover which is considered as the revenue generated. An employer whose revenue during the half year is less has to pay less tax and the maximum is Rs. 1250, following the same table as is applicable to others like employees.
Madhu.T.K
From India, Kannur
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Madhu.T.K
From India, Kannur
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Hello Madam,
I read the above thread regarding professional tax and had some queries. I am working as a resident doctor (trainee) in a private hospital in Kochi and getting a stipend. My employer recently deducted Rs. 1250/- from my stipend as professional tax. When I asked for a receipt, they plainly refused to give one. Should this tax be deducted from my stipend when I am not even eligible for a receipt? Is this tax supposed to be taken from me as well since I am only receiving a stipend? Before this, I was working as a postgraduate in Trivandrum Medical College, and not once was my tax deducted. Moreover, a stipend is not taxable, so should they deduct this professional tax from my stipend?
Your clarification would be of great help. Thanks.
From India, Chennai
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I read the above thread regarding professional tax and had some queries. I am working as a resident doctor (trainee) in a private hospital in Kochi and getting a stipend. My employer recently deducted Rs. 1250/- from my stipend as professional tax. When I asked for a receipt, they plainly refused to give one. Should this tax be deducted from my stipend when I am not even eligible for a receipt? Is this tax supposed to be taken from me as well since I am only receiving a stipend? Before this, I was working as a postgraduate in Trivandrum Medical College, and not once was my tax deducted. Moreover, a stipend is not taxable, so should they deduct this professional tax from my stipend?
Your clarification would be of great help. Thanks.
From India, Chennai
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Profession tax is not a tax on "salary" but it is on any income received, and therefore, stipend will attract profession tax. Regarding receipt, it is not the employer who will issue the receipt but the local administration, i.e., Kochi Corporation, who will issue the receipt. It may also happen that the Corporation may issue one receipt for the entire amount paid by the employer on account of employees, and in such cases, individual receipts may not be available.
You can also see that in your Income Tax form 16 issued by the employer, the amount you have paid towards profession tax, Rs. 2500 (1250 for half-year), will be shown as a deduction from the salary income. This will support your stand of having paid the profession tax.
Madhu.T.K
From India, Kannur
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You can also see that in your Income Tax form 16 issued by the employer, the amount you have paid towards profession tax, Rs. 2500 (1250 for half-year), will be shown as a deduction from the salary income. This will support your stand of having paid the profession tax.
Madhu.T.K
From India, Kannur
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Dear Madhu,
I have one doubt. If an employee works, let's say, for 4 months in Kerala, should PT be deducted for 4 months or 6 months?
For example, if Mr. X is earning a salary of 125000 for 4 months, then should PT be Rs. 832/- (for 4 months) or Rs. 1,250/- (for 6 months)?
Can you please clarify the queries mentioned above?
From United Arab Emirates, Dubai
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I have one doubt. If an employee works, let's say, for 4 months in Kerala, should PT be deducted for 4 months or 6 months?
For example, if Mr. X is earning a salary of 125000 for 4 months, then should PT be Rs. 832/- (for 4 months) or Rs. 1,250/- (for 6 months)?
Can you please clarify the queries mentioned above?
From United Arab Emirates, Dubai
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Take into account the actual amount earned by the employee. If his earnings/revenue are Rs. 125,000 for four months, he is liable to pay Rs. 1,250 because he will fall under slab VII, where the income exceeds Rs. 125,000 per half year and the professional tax is Rs. 1,250.
There is no profession tax of Rs. 832.
Madhu.T.K
From India, Kannur
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There is no profession tax of Rs. 832.
Madhu.T.K
From India, Kannur
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